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Side-by-side financial comparison of BLACKLINE, INC. (BL) and PAMT CORP (PAMT). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $141.3M, roughly 1.3× PAMT CORP). BLACKLINE, INC. runs the higher net margin — 2.7% vs -20.7%, a 23.4% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -15.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-25.0M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -12.0%).
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
BL vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $141.3M |
| Net Profit | $4.9M | $-29.3M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | -27.0% |
| Net Margin | 2.7% | -20.7% |
| Revenue YoY | 8.1% | -15.1% |
| Net Profit YoY | -91.3% | 7.4% |
| EPS (diluted) | $0.07 | $-1.38 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.2M | $141.3M | ||
| Q3 25 | $178.3M | $150.3M | ||
| Q2 25 | $172.0M | $151.1M | ||
| Q1 25 | $166.9M | $155.3M | ||
| Q4 24 | $169.5M | $166.5M | ||
| Q3 24 | $165.9M | $182.6M | ||
| Q2 24 | $160.5M | $182.9M | ||
| Q1 24 | $157.5M | $182.6M |
| Q4 25 | $4.9M | $-29.3M | ||
| Q3 25 | $5.3M | $-5.6M | ||
| Q2 25 | $8.3M | $-9.6M | ||
| Q1 25 | $6.1M | $-8.1M | ||
| Q4 24 | $56.4M | $-31.6M | ||
| Q3 24 | $17.2M | $2.4M | ||
| Q2 24 | $76.7M | $-2.9M | ||
| Q1 24 | $10.8M | $281.0K |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | -27.0% | ||
| Q3 25 | 4.3% | -3.8% | ||
| Q2 25 | 4.4% | -7.3% | ||
| Q1 25 | 2.1% | -5.9% | ||
| Q4 24 | 3.7% | -22.6% | ||
| Q3 24 | 5.0% | 1.3% | ||
| Q2 24 | 1.4% | -0.4% | ||
| Q1 24 | 1.1% | -0.4% |
| Q4 25 | 2.7% | -20.7% | ||
| Q3 25 | 3.0% | -3.7% | ||
| Q2 25 | 4.8% | -6.4% | ||
| Q1 25 | 3.6% | -5.2% | ||
| Q4 24 | 33.3% | -19.0% | ||
| Q3 24 | 10.4% | 1.3% | ||
| Q2 24 | 47.8% | -1.6% | ||
| Q1 24 | 6.9% | 0.2% |
| Q4 25 | $0.07 | $-1.38 | ||
| Q3 25 | $0.09 | $-0.27 | ||
| Q2 25 | $0.13 | $-0.46 | ||
| Q1 25 | $0.10 | $-0.37 | ||
| Q4 24 | $0.79 | $-1.44 | ||
| Q3 24 | $0.27 | $0.11 | ||
| Q2 24 | $0.22 | $-0.13 | ||
| Q1 24 | $0.17 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $390.0M | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $332.3M | $210.5M |
| Total Assets | $1.8B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $83.7M | ||
| Q3 25 | $419.9M | $115.6M | ||
| Q2 25 | $459.1M | $117.3M | ||
| Q1 25 | $479.5M | $102.7M | ||
| Q4 24 | $885.9M | $110.7M | ||
| Q3 24 | $725.3M | $92.3M | ||
| Q2 24 | $616.6M | $114.0M | ||
| Q1 24 | $331.4M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $210.5M | ||
| Q3 25 | $328.3M | $239.5M | ||
| Q2 25 | $414.0M | $244.9M | ||
| Q1 25 | $417.9M | $269.6M | ||
| Q4 24 | $446.7M | $277.5M | ||
| Q3 24 | $367.9M | $308.9M | ||
| Q2 24 | $325.8M | $306.7M | ||
| Q1 24 | $279.8M | $314.6M |
| Q4 25 | $1.8B | $697.9M | ||
| Q3 25 | $1.7B | $715.2M | ||
| Q2 25 | $1.8B | $707.9M | ||
| Q1 25 | $1.8B | $712.6M | ||
| Q4 24 | $1.8B | $741.7M | ||
| Q3 24 | $1.7B | $756.7M | ||
| Q2 24 | $1.9B | $733.5M | ||
| Q1 24 | $2.1B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.7M | $-5.8M |
| Free Cash FlowOCF − Capex | $26.1M | $-25.0M |
| FCF MarginFCF / Revenue | 14.2% | -17.7% |
| Capex IntensityCapex / Revenue | 0.3% | 13.6% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-5.8M | ||
| Q3 25 | $63.8M | $5.9M | ||
| Q2 25 | $32.3M | $12.2M | ||
| Q1 25 | $46.7M | $5.0M | ||
| Q4 24 | $43.8M | $15.2M | ||
| Q3 24 | $55.9M | $15.5M | ||
| Q2 24 | $40.7M | $18.7M | ||
| Q1 24 | $50.4M | $9.6M |
| Q4 25 | $26.1M | $-25.0M | ||
| Q3 25 | $63.3M | $2.5M | ||
| Q2 25 | $31.4M | $5.9M | ||
| Q1 25 | $40.8M | $-6.8M | ||
| Q4 24 | $43.0M | $-39.9M | ||
| Q3 24 | $55.5M | $-33.6M | ||
| Q2 24 | $40.0M | $4.1M | ||
| Q1 24 | $50.1M | $-12.2M |
| Q4 25 | 14.2% | -17.7% | ||
| Q3 25 | 35.5% | 1.7% | ||
| Q2 25 | 18.2% | 3.9% | ||
| Q1 25 | 24.4% | -4.4% | ||
| Q4 24 | 25.4% | -24.0% | ||
| Q3 24 | 33.5% | -18.4% | ||
| Q2 24 | 24.9% | 2.2% | ||
| Q1 24 | 31.8% | -6.7% |
| Q4 25 | 0.3% | 13.6% | ||
| Q3 25 | 0.3% | 2.3% | ||
| Q2 25 | 0.6% | 4.2% | ||
| Q1 25 | 3.6% | 7.6% | ||
| Q4 24 | 0.4% | 33.1% | ||
| Q3 24 | 0.2% | 26.9% | ||
| Q2 24 | 0.4% | 8.0% | ||
| Q1 24 | 0.2% | 12.0% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | 6.44× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
